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COMING UP:Share Opener Variant 1



>> The US justice department on Monday unsealed indictments against Chinese technology giant Huawei, several of its subsidiaries, and its chief financial officer Meng Wanzhou. The DOJ accused Huawei of stealing trade secrets, as well as bank and wire fraud to violate sanctions against Iran. In a 13 count indictment, the DOJ accused Huawei of obscuring its relationship with a subsidiary to do business in the country.
>> As early as 2007, Huawei employees allegedly begun to misrepresent the company's relationship with its Iranian affiliate, which is called Skycom. Huawei employees allegedly told banking partners that Huawei had sold its ownership interest in Skycom, but these claims were false. In reality, Huawei had sold Skycom to itself.
These alleged false claims led banks to do business with the company, and therefore to unknowingly violate our laws.>> Meng, who is also the daughter of Huawei's founder, was arrested in Canada in December on a US extradition request. Huawei on Tuesday denied the company or its subsidiaries had committed any of the crimes alleged by the US.
Also shooting back, the Chinese government.>>
> With no evidence, they're using their state power to discredit and attack designated companies.>> In a separate indictment, the Justice Department accused Huawei of stealing a robotic technology called Tappy from its competitor T-Mobile, but Huawei said the dispute was settled in 2017.
>> Thank you very much.>> The charges add to mounting US pressure on the company, as the Trump administration tries to prevent American companies and foreign allies from buying Huawei kit. That's over concerns that it could be used for spying. They also came at what could be crucial a moment in trade talks between the world's two biggest economies, as a Chinese delegation heads to Washington for a new round of negotiations.